An Analysis of Risk-Taking in Family Firms Listed in B3

This work analyses the statistical relationship between family firms and risk-taking. It seeks to contribute to the growing literature on family firms by reviewing the literature on the characteristics that distinguish them from non-family firms, aiming to innovate by approaching a less-used constru...

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Autores principales:	Gabriel Voelcker, Clea Beatriz Macagnan, Daniel Vancin
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2020
Materias:	family firms risk taking decision making Business HF5001-6182
Acceso en línea:	https://doaj.org/article/c319bb798d71465cbfb6d581f928daa3
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id	oai:doaj.org-article:c319bb798d71465cbfb6d581f928daa3
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spelling	oai:doaj.org-article:c319bb798d71465cbfb6d581f928daa32021-11-11T15:48:08ZAn Analysis of Risk-Taking in Family Firms Listed in B31807-734X10.15728/bbr.2020.17.4.3https://doaj.org/article/c319bb798d71465cbfb6d581f928daa32020-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123064005003https://doaj.org/toc/1807-734XThis work analyses the statistical relationship between family firms and risk-taking. It seeks to contribute to the growing literature on family firms by reviewing the literature on the characteristics that distinguish them from non-family firms, aiming to innovate by approaching a less-used construct for this type of firm: risk-taking. The literature on both constructs is reviewed, using theoretical and empirical works to develop the following research hypothesis: tfamily firms are more averse to risk-taking than non-family firms. This hypothesis is tested empirically using econometrics procedures in a sample with 1188 observations from publicly traded companies listed on B3. The results indicate that the presence of family firms negatively affect risk-taking. Thus, it can be concluded that family firms seem to be less prone to risk-taking than non-family firms.Gabriel VoelckerClea Beatriz MacagnanDaniel VancinFUCAPE Business Schoolarticlefamily firmsrisktakingdecisionmakingBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Vol 17, Iss 4, Pp 399-418 (2020)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	family firms risk taking decision making Business HF5001-6182
spellingShingle	family firms risk taking decision making Business HF5001-6182 Gabriel Voelcker Clea Beatriz Macagnan Daniel Vancin An Analysis of Risk-Taking in Family Firms Listed in B3
description	This work analyses the statistical relationship between family firms and risk-taking. It seeks to contribute to the growing literature on family firms by reviewing the literature on the characteristics that distinguish them from non-family firms, aiming to innovate by approaching a less-used construct for this type of firm: risk-taking. The literature on both constructs is reviewed, using theoretical and empirical works to develop the following research hypothesis: tfamily firms are more averse to risk-taking than non-family firms. This hypothesis is tested empirically using econometrics procedures in a sample with 1188 observations from publicly traded companies listed on B3. The results indicate that the presence of family firms negatively affect risk-taking. Thus, it can be concluded that family firms seem to be less prone to risk-taking than non-family firms.
format	article
author	Gabriel Voelcker Clea Beatriz Macagnan Daniel Vancin
author_facet	Gabriel Voelcker Clea Beatriz Macagnan Daniel Vancin
author_sort	Gabriel Voelcker
title	An Analysis of Risk-Taking in Family Firms Listed in B3
title_short	An Analysis of Risk-Taking in Family Firms Listed in B3
title_full	An Analysis of Risk-Taking in Family Firms Listed in B3
title_fullStr	An Analysis of Risk-Taking in Family Firms Listed in B3
title_full_unstemmed	An Analysis of Risk-Taking in Family Firms Listed in B3
title_sort	analysis of risk-taking in family firms listed in b3
publisher	FUCAPE Business School
publishDate	2020
url	https://doaj.org/article/c319bb798d71465cbfb6d581f928daa3
work_keys_str_mv	AT gabrielvoelcker ananalysisofrisktakinginfamilyfirmslistedinb3 AT cleabeatrizmacagnan ananalysisofrisktakinginfamilyfirmslistedinb3 AT danielvancin ananalysisofrisktakinginfamilyfirmslistedinb3 AT gabrielvoelcker analysisofrisktakinginfamilyfirmslistedinb3 AT cleabeatrizmacagnan analysisofrisktakinginfamilyfirmslistedinb3 AT danielvancin analysisofrisktakinginfamilyfirmslistedinb3
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An Analysis of Risk-Taking in Family Firms Listed in B3

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